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October 12, 2015 04:00 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/Ddlb872T3HA/facebook-uk-paid-35m-in-staff-bonuses-but-only-4327-in-corporation-tax
Facebook UK Paid £35m In Staff Bonuses, But Only £4,327 In Corporation Tax
New submitter Phil Ronan writes: After getting away with paying £0 corporate tax in 2013, Facebook UK has announced that its corporate tax payment for 2014 (total revenue: £105 million) is going to be £4,327. This is a tiny fraction of the £35 million pounds given away by the company in staff bonuses over the same period. "The share scheme was worth an average of more than £96,000 for each member of staff. Once salaries were taken into account, a British employee of Facebook received more than £210,000 on average. ... A spokesperson for Facebook said: 'We are compliant with UK tax law, and in fact in all countries where we have operations and offices. We continue to grow our business activities in the UK.' She added that all the firm’s employees paid UK income tax on their payouts."Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/Ddlb872T3HA/facebook-uk-paid-35m-in-staff-bonuses-but-only-4327-in-corporation-tax
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